The AEX index closed 0.04% higher at 557.94 points. The AMX fell 0.1% to 774.21 points. The price boards in London (-0.1%), Paris (+ 0.3%) and Frankfurt (-0.3%) showed a mixed picture.
Investors caught their breath today after the nice recovery on Monday, which followed the solid losses at the end of last week. “We rose quickly on Monday. Today there was little news, so there was no momentum to continue to grow much further, ”said asset manager Renco van Schie (Valuedge).
That Monday, better-than-expected purchasing manager indices led to investor optimism. This showed that industries in China, Japan, the Eurozone and the US are clearly recovering. But concerns about the persistently high number of new corona infections and the lack of a successor to the Friday-ended aid package in the US have left investors firmly on the ground today.
The US stock markets split in the late afternoon. The Dow Jones index rose 0.5%, while technology exchange Nasdaq fell 0.1%. Wall Street was awaiting the job report from pay slip processor ADP to be released on Wednesday. The political discussion about the extension of the US aid package also continued to stir.
DSM at the bottom in AEX after lower quarterly profit
The AEX said DSM with a minus of 3% at the bottom. The specialty chemicals group saw the quarterly profit fall, due to the slump in the car industry. Chemical distributor IMCD went down 1.7%.
Informatieleverancier Relx fell 2.4%. Payment processor Adyen fell 1.7%.
Broadcaster Randstad returned 1%. The turnover of temporary employment agencies decreased by 15% between June 15 and July 12, reports branch organization ABU.
Real estate fund Unibail-Rodamco-Westfield, which had slumped sharply since the quarterly results were released last week, was up 4.2%.
Fair weight Royal Dutch Shell was worth 3.2% more. The energy giant benefited from the better than expected quarterly report from industry colleague BP.
Chip machine manufacturer ASML was worth 1.6% more. The financial values ASR (+ 1.4%) in ABN Amro (+ 1.4%) were also sunny.
Air France KLM and PostNL win
Aviation group joined the medium-sized funds Air France KLM, which reached a record low on Monday, with a 5.2% profit in the lead. According to the French business newspaper La Tribune, the subsidiary Air France is also counting on an operating loss of € 2.9 billion for the whole of 2020.
PostNL rose 1.1%. The postal and parcel deliverer already shot up by almost 12% on Monday after better than expected quarterly figures.
Smallcapfonds Vivoryon traded 5.3% higher. The biotechnology company was authorized in the US to begin the phase 2 study of its drug candidate in Alzheimer’s disease patients.
Coffee and tea giant JDE Peet’s left 0.4%. The parent company of Douwe Egberts benefited in the first six months from the many working from home.